agilon health (NYSE:AGL) Stock Price Up 3.8% - Still a Buy?

agilon health, inc. (NYSE:AGL - Get Free Report) shares were up 3.8% on Wednesday . The company traded as high as $2.33 and last traded at $2.32. Approximately 1,137,301 shares changed hands during trading, a decline of 77% from the average daily volume of 4,935,184 shares. The stock had previously closed at $2.23.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AGL shares. Sanford C. Bernstein raised shares of agilon health from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $3.30 to $8.50 in a research note on Tuesday, April 8th. TD Cowen raised their price objective on shares of agilon health from $3.50 to $6.00 and gave the stock a "hold" rating in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of agilon health from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. The Goldman Sachs Group raised their price objective on shares of agilon health from $2.50 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Barclays raised their price objective on shares of agilon health from $2.00 to $3.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, agilon health currently has a consensus rating of "Hold" and an average price target of $4.79.

agilon health Stock Performance

The company has a market cap of $918.97 million, a price-to-earnings ratio of -2.36 and a beta of 0.38. The stock's fifty day simple moving average is $3.79 and its two-hundred day simple moving average is $3.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29.

agilon health (NYSE:AGL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. agilon health's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Equities research analysts anticipate that agilon health, inc. will post -0.59 EPS for the current year.

Hedge Funds Weigh In On agilon health

Hedge funds have recently made changes to their positions in the stock. Ieq Capital LLC acquired a new position in shares of agilon health in the 4th quarter valued at $26,000. Signaturefd LLC lifted its holdings in shares of agilon health by 143.0% during the 4th quarter. Signaturefd LLC now owns 14,388 shares of the company's stock valued at $27,000 after acquiring an additional 8,467 shares in the last quarter. Humankind Investments LLC acquired a new position in shares of agilon health during the 4th quarter valued at $30,000. Raymond James Financial Inc. acquired a new position in shares of agilon health during the 4th quarter valued at $33,000. Finally, Cerity Partners LLC acquired a new position in shares of agilon health during the 4th quarter valued at $34,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.